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Markets edge down as fears surface on size of Tory majority image
Source : Guardian [Read Article] Thursday 8th of June 2017 04:46:15 PM
....98, as investors also digested the decision by the European Central Bank to rule out further interest rate cuts, and watched the US Senate testimony from ex-FBI director James Comey for any implications for the Trump administration. David Madden, market analyst at CMC Markets UK, said the FTSE 100 was down because dealers were concerned about the outcome of the UK general election. ...
WPP needs a big name to follow Sir Martin Sorrell image
Source : Guardian [Read Article] Sunday 4th of June 2017 06:00:16 AM
....So, if you or I had bet on disaster for investors in a company that, say, floated at 240p a share in 2016, and those shares were now trading at around 130p, we would have made 110 (240–130) times our original stake. Funnily enough, that is exactly what would have happened if you had shorted the shares of financial spread betting group CMC Markets, which floated last year and whose management will have to face shareholders this week when it announces full-year results. ...
FTSE reaches record high as UK opinion poll spooks sterling image
Source : Guardian [Read Article] Friday 26th of May 2017 06:37:09 PM
.... The running logic of financial markets was that a big victory would let May face down hardline Brexiters in her party to make compromises needed for a smoother departure. Michael Hewson, chief market analyst at CMC Markets UK, said: “With the pound already under pressure due to weaker than expected economic data, this surprise poll has acted as an additional catalyst in pushing the pound to a two-month low against the euro and its lowest level this month against the US dollar. ...
Mine craft: why BHP's strategic overhaul could help repel a hedge fund predator image
....1% of shareholders, will go quietly. Ric Spooner, the chief market strategist at CMC Markets in Sydney, says many shareholders agreed with Elliott that BHP would be better off selling the US oil business and reinvesting the proceeds in other parts of the company. ...
Surprise surge in UK retail sales powers pound to eight-month high image
Source : Guardian [Read Article] Thursday 18th of May 2017 10:39:36 AM
....“European equities are now fully entangled in the Trump-related sell-off. On Wednesday the US market bore the brunt of the move but now it has gone global,” said David Madden, market analyst at CMC Markets UK. ...
FTSE 100 sinks while pound jumps image
Source : BBC [Read Article] Thursday 18th of May 2017 08:41:00 AM
....53%. "Stocks are sliding again today as traders are still spooked by the latest scandal surrounding Donald Trump," said David Madden, market analyst at CMC Markets UK. ...
Euro gives up gains as investors look to post-election France image
Source : Guardian [Read Article] Monday 8th of May 2017 04:43:41 AM
....”. Europe breathes easier as #Macron eases to victory | CMC Markets https://t. ...
Oil hits five-month low amid warnings of commodities rout image
Source : Guardian [Read Article] Friday 5th of May 2017 01:51:47 AM
....“The falls in commodities prices definitely tell us there is some kind of a moderation under way in the global economy and I would advise taking some money off the table at these levels,” said Cliff Tan of Bank of Tokyo Mitsubishi UFJ in Hong Kong. Ric Spooner, chief market analyst at CMC Markets in Sydney, said: “The commodity optimism of earlier this year looks to be in the process of being completely unwound. ...
BP profits helped by higher oil prices image
Source : BBC [Read Article] Tuesday 2nd of May 2017 06:22:12 AM
...."Rising production from new upstream projects is expected to drive a material improvement in operating cash flow from the second half of 2017," BP said in its results statement. Michael Hewson, chief market analyst at CMC Markets UK, said: "Earlier this year BP management raised the price it needed oil prices to be to $60 a barrel to break even, after reporting an annual loss of $542m in its oil and gas upstream division at the end of the last fiscal year. ...
Stock markets surge after French election result image
Source : Guardian [Read Article] Monday 24th of April 2017 09:34:27 AM
....French government 10-year bond prices rose to three-month highs as concerns about the election eased. Michael Hewson at CMC Markets said: “For markets, this was always the least bad option, with most expecting Mr Macron to become president in two weeks’ time as the other candidates endorse him over Marine Le Pen. ...
Spotify may bypass IPO and list directly on stock market image
Source : BBC [Read Article] Friday 7th of April 2017 01:55:50 AM
.... . A direct listing of a company is "basically just sticking it on eBay", says CMC Markets senior market analyst Michael Hewson. ...
Markets hit new highs over Trump's change of tone on Japan and China image
Source : Guardian [Read Article] Monday 13th of February 2017 06:01:07 PM
.... Abe and Trump also agreed to discuss a bilateral trade deal to fill the void created by the US withdrawal from the Trans-Pacific Partnership agreement. Michael Hewson, chief market analyst at CMC Markets UK, said: “The initial belligerence of the Trump administration towards China and Japan appears to have given way to a more practicable way of doing things, and while peace may not have broken out quite yet, some welcome pragmatism does appear to be taking hold in Washington. ...
Trump’s trade advis​​er says Germany uses euro to 'exploit' US and EU image
....Former UBS chief economist George Magnus called the comments from Navarro about the euro “hogwash” because it was not “Germany’s currency to influence or manage”. Michael Hewson, chief market analyst at CMC Markets, said: “Any pretence that the US would be pursuing a so-called ‘strong dollar policy’ appears to have been blown to shreds today after Peter Navarro, one of Donald Trump’s top trade advisers, took aim at Germany for implicitly targeting a lower euro in order to give itself a competitive advantage over its main trading partners, sending the US dollar sharply lower. ...
Sterling skids to three-month low on hard Brexit concerns image
Source : Guardian [Read Article] Monday 16th of January 2017 04:58:07 AM
....1370. Commenting on the moves, Michael Hewson, analyst at spread-betting and trading firm CMC Markets said: “While it is notable that the pound has revisited its October lows against the US dollar, against the euro it hasn’t come anywhere near close to them, reflecting perhaps the increased risks to Europe from upcoming political uncertainty in the coming months. ...
FTSE 100 closes at new high in longest-ever winning streak image
Source : Guardian [Read Article] Tuesday 10th of January 2017 12:19:08 PM
....The FTSE 100 may continue to move higher if, as expected, the pound continues to struggle. Michael Hewson, the chief market analyst at CMC Markets, said: “Markets once again appear to be pricing in the prospect of a so-called hard Brexit, and the extra costs that the leaving of the single market might entail, which has once again seen the pound come under pressure. ...
London shares hit year's high at end of 2016 trading image
Source : BBC [Read Article] Friday 30th of December 2016 09:25:42 AM
.... . Michael Hewson, chief market analyst at CMC Markets, said 2017 could be a rocky one: "It's all about political risk, there's the French and German elections and potentially another election in Italy. ...
State rescue looms for Monte dei Paschi image
Source : BBC [Read Article] Thursday 22nd of December 2016 09:25:10 AM
....The new Italian prime minister, Paolo Gentiloni, has vowed not to let the bank fail, for fear that its collapse could topple the rest of Italy's heavily indebted banking sector. Mr Gentiloni is "stuck between the devil and the deep blue sea", according to Michael Hewson, chief market analyst at CMC Markets. ...
Eurozone ministers won't budge an inch on Greek finance measures image
Source : Guardian [Read Article] Wednesday 14th of December 2016 08:12:30 PM
....Financial spreadbetting firms hate the Financial Conduct Authority’s plan to make the industry a safer place for punters by clamping down on the leverage ratios that can be used on products such as contracts for difference. But would CMC Markets really re-locate to Germany? The idea, apparently, is under consideration. ...
The idiot's guide to spread betting image
Source : BBC [Read Article] Tuesday 6th of December 2016 01:45:40 PM
.... . Take a look at the websites of of the big spread betting firms like IG Index, City Index and CMC Markets. ...
Spread-betting industry loses £1bn after City watchdog steps in image
Source : Guardian [Read Article] Tuesday 6th of December 2016 09:31:02 AM
.... The proposals did not appear to apply to firms offering CFDs from outside the UK, where standards are often lax, it said. CMC Markets dropped by 30% to 125p, cutting its market value by more than £160m. ...
FTSE 100 rises but spread betting firms dive on FCA plans image
Source : BBC [Read Article] Tuesday 6th of December 2016 09:30:59 AM
....It also noted that 82% of clients lost money on the products. In the FTSE 250, shares in both CMC Markets fell 33% and IG Group shed 38%. ...
Crackdown on financial spread betting proposed by FCA image
Source : BBC [Read Article] Tuesday 6th of December 2016 09:29:54 AM
....Shares in firms offering these services were hit hard following the announcement. CMC Markets and IG Group were the biggest fallers on the FTSE 250, both down about 30% in morning trading. ...
PETROL WARNING: Prices to soar at pumps this winter to TWO-YEAR HIGH, drivers told image
Source : Daily Express [Read Article] Thursday 1st of December 2016 10:28:00 AM
.... OPEC's agreement to production is expected to sustain prices in the short-term, but experts said prices are unlikely to reach record highs a couple of years ago. Michael Hewson, chief market analyst at CMC Markets UK, said: "It must be noted that the deal agreed will only return output back to levels last seen in the first half of this year at 32. ...
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Oil price rises sharply as Opec members hint at deal to limit production image
Source : Guardian [Read Article] Wednesday 30th of November 2016 08:44:10 AM
....The conciliatory tone was in contrast with previous exchanges, when Iran and Iraq disagreed with Saudi Arabia over a way forward, making it hard for the group to achieve a consensus. Michael Hewson, the chief market analyst at CMC Markets UK, said: “It would appear that the long-awaited output deal appears to hinge around whether or not Iraq, Iran and Saudi Arabia can bridge the gap that has opened up between them, on who caps production and who cuts it, with some talk of a cut of about 1. ...
Rio Tinto sacks senior executives over $10.5m payments linked to Guinea mine image
Source : Guardian [Read Article] Thursday 17th of November 2016 06:05:25 AM
....44 in Sydney on Thursday. “I think the announcement has given investors the view that the company has dealt quickly and decisively with what could have been a serious issue,” CMC Markets strategist Michael McCarthy told AFP. ...
Pound has best fortnight in eight years after Trump win image
Source : Guardian [Read Article] Friday 11th of November 2016 07:10:37 PM
.... “There may be some hopes that Trump’s election victory could put the UK at the front of the queue for a post-Brexit trade deal with the US, although at the very least this week’s events have shifted the focus away from the UK’s impending departure from the EU,” said Chris Saint, a senior analyst at the financial firm Hargreaves Lansdown. Jasper Lawler, a market analyst at the spread-betting and trading firm CMC Markets, also highlighted hopes of a UK trade deal with the US as well as other factors. ...
Pound recovers ground after US election image
Source : BBC [Read Article] Friday 11th of November 2016 12:32:09 PM
.... . "There's an element of simply a shift in focus behind this," said Jason Lawler, market analyst at CMC Markets. ...
The business of hedging image
Source : BBC [Read Article] Friday 14th of October 2016 03:09:51 PM
.... The daily trading volume in FX markets is about $5 trillion (£4 trillion) - that's about four times more than all the trading in companies listed on the FTSE 100 for a whole year. "It is often a good idea for companies to use hedging to protect themselves from swings in the exchange rate of a foreign country they are investing in," says Jasper Lawler, a markets analyst at CMC Markets. ...
Pound steadies after recent slump image
Source : BBC [Read Article] Wednesday 12th of October 2016 09:37:39 AM
....Analysts warn that the uncertain political situation will continue to make the pound volatile. "It would appear that trying to find a floor for the pound is going to be difficult in the short term, simply due to the amount of political uncertainty being generated on both sides of the Channel, as both sides dance on the edge of the volcano, in laying out their negotiating positions, which for now appear a long way apart," said Michael Hewson, chief market analyst at CMC Markets. ...
Deutsche Bank 'fails to reach swift US deal' image
Source : BBC [Read Article] Monday 10th of October 2016 08:00:50 AM
....Others, though, said it was always unlikely the bank could strike a deal with the US authorities so quickly. Michael Hewson, chief market analyst at CMC Markets, said: "Deutsche Bank hasn't as yet been able to come to any agreement with the US Justice Department as it looks to overcome the hurdle of the prospect of a rather large fine. ...
Tesco shares jump as sales continue to recover image
Source : BBC [Read Article] Wednesday 5th of October 2016 06:22:53 AM
....Mr Lewis said that while there were "some pressures" coming into the market, in the form of higher commodity prices and the fall in the pound, the company would try to absorb them rather than pass on costs to consumers. Jasper Lawler from CMC Markets said: "Tesco has invested heavily in reducing prices in the last two years, and has gradually reduced its customer exodus to the discounters Aldi and Lidl. ...
Oil prices ease on doubts about Opec production cuts image
Source : BBC [Read Article] Thursday 29th of September 2016 09:06:19 AM
....The absence of detail prompted some to have second thoughts about whether the cartel would take actual firm action. Michael McCarthy, chief market strategist at CMC Markets, said: "Investors and traders are sceptical - with good reason. ...
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Deutsche Bank shares sink 7.54% to a new low image
Source : BBC [Read Article] Monday 26th of September 2016 12:12:16 PM
....55 euros, its lowest level since the 1980s. Michael Hewson, chief market analyst at CMC Markets UK, said: "While one can understand the reticence of German politicians to bailout yet another bank, particularly in the lead up to an election next year, one has to question the wisdom of articulating that reluctance out loud when markets are already nervous about Deutsche Bank's capital position. ...
FTSE 100 and pound end Monday's session lower image
Source : BBC [Read Article] Monday 26th of September 2016 10:13:44 AM
.... The bank's shares were hit following reports at the weekend that the German government had ruled out state aid for the company. "Since its peaks last October Deutsche Bank's share price has fallen over 60% reflecting increasing investor disquiet about its ability to deal with its problems at a time of negative rates, shrinking profitability, no dividend and the prospect of tighter capital rules," said Michael Hewson, chief market analyst at CMC Markets UK. ...
Opec plans fresh oil price talks says energy minister image
Source : BBC [Read Article] Sunday 25th of September 2016 09:24:25 PM
.... . Michael Hewson, chief market analyst at CMC Markets UK, said: "Given that Opec has failed to agree much of anything in the last 12 months, it seems unlikely that it will start now. ...
Twitter shares soar almost 20% on takeover talk image
Source : BBC [Read Article] Friday 23rd of September 2016 02:04:28 PM
....But analysts wonder if Mr Dorsey is distracted by his payment firm, Square. "With ex-CEO Dick Costolo lacking ideas and founder Jack Dorsey split between Twitter and his other company Square, the social network has lost its way," said Jasper Lawler, an analyst at CMC Markets. ...
Bank of Japan alters policy to spur growth image
Source : BBC [Read Article] Wednesday 21st of September 2016 06:32:16 AM
....". Michael Hewson, chief market analyst at CMC Markets UK, said: "Ultimately while these actions may well help the banks, it's doubtful they will to help the Japanese economy that much, and in some ways it shows how little flexibility the central bank has, given how experimental policy is now becoming. ...
Mining giant BHP slumps to record loss image
Source : BBC [Read Article] Tuesday 16th of August 2016 07:14:54 AM
.... . Michael McCarthy, an analyst at CMC Markets in Sydney, told the BBC: "There are signs in the commodity prices - and in particular for iron ore and oil - that they have stabilised. ...
Asian shares push higher after China data outperforms image
Source : BBC [Read Article] Friday 15th of July 2016 08:13:49 AM
.... . Margaret Yang from CMC Markets in Singapore said the global share rally was due to a "flood of liquidity". ...
Pound slips back as rally fizzles image
Source : BBC [Read Article] Thursday 7th of July 2016 07:30:09 AM
....In other developments:. "Europe's markets have enjoyed a much better time of it today with the FTSE 100 once again outperforming due to a rebound in some of the bigger fallers over the past few days," said Michael Hewson of CMC Markets. ...
Shares slide as Brexit fears take hold image
Source : BBC [Read Article] Wednesday 6th of July 2016 07:17:25 AM
.... as a result of uncertainty following the EU referendum and the recent suspension of other direct property funds". Michael Hewson of CMC Markets said: "The suspension of commercial property fund redemptions by a number of big players has precipitated a broader sell-off in the UK property sector including housebuilders and other asset managers. ...
Global stock markets rally as Brexit fears abate image
Source : BBC [Read Article] Wednesday 29th of June 2016 07:37:43 AM
UK loses triple-A credit rating after Brexit vote image
Source : Guardian [Read Article] Monday 27th of June 2016 08:24:47 AM
.... At one point, shares in the bailed-out Royal Bank of Scotland plunged 25%, while housebuilders such as Persimmon and Taylor Wimpey have lost more than 40% in just two trading days. Michael Hewson, chief market analyst at CMC Markets, said while Osborne’s statement had been measured his comments “were unable to prevent the feeling that UK politics remains in a state of paralysis, with no clear contingencies in place to deal with the fallout of a leave vote”. ...
Bank shares plunge on Brexit vote image
Source : BBC [Read Article] Friday 24th of June 2016 11:23:32 AM
....Shares in Europe's other main banks fell heavily, with Germany's Deutsche Bank down more than 13% and France's Societe Generale more than 20% lower. "The UK and European banking system has been hit particularly hard as there was already fears about their health, and now there are worries about the linkages between European and British banks," said Michael Hewson, chief market analyst at CMC Markets. ...
Pound slumps to 31-year low following Brexit vote image
Source : Guardian [Read Article] Friday 24th of June 2016 06:55:05 AM
.... The market does not open till 8am, but spread betting firm IG is calling the FTSE 100 down by more than 450 points and Wall Street off by more than 600 points. Spread-betting and trading firm CMC Markets UK was calling the FTSE 100 down 468 points from its overnight close of 6,338 at 5,870. ...
FTSE 100 hits three-month low as Brexit fears grow image
Source : Guardian [Read Article] Tuesday 14th of June 2016 05:39:59 PM
.... What initially looked like an anomaly, has turned into the norm, with eight of the last 10 polls coming out in favour of a Brexit,” Mahony said. The prospect of Europe being thrown into political crisis, as the EU president, Donald Tusk, hinted on Monday, has “added fuel to the fire” for nervous investors, said Jasper Lawler, an analyst at CMC Markets. ...
Markets in PANIC: Eurozone could COLLAPSE post-Brexit, warn experts image
Source : Daily Express [Read Article] Tuesday 14th of June 2016 05:12:00 PM
....Investors also fear for German bank giants, which have huge debt obligations and are being hammered by negative interest rates in the eurozone. Michael Hewson, chief market analyst at CMC Markets UK, said: "Banking stocks got crushed once again with Italian banks hitting new all-time lows, as concerns about the recovery. ...
G4S shares plunge after Orlando killer is named as employee image
Source : Guardian [Read Article] Monday 13th of June 2016 10:06:08 AM
.... The company employs 620,000 people in more than 110 countries and the US is one of its biggest markets. Jasper Lawler, an analyst at CMC Markets, a City spread betting firm, said it did not look good for G4S to have employed Mateen while he was being investigated by the FBI. ...
Eurozone on the brink of yet ANOTHER explosive financial crisis, warns banking chief image
....But many think the plan is riddled with problems. Michael Hewson, chief market analyst at CMC Markets UK, said: "The ECB appears to think that by intervening directly in corporate debt markets that these companies will then go out and start investing the money in order to promote further growth in the euro area. ...
EUROZONE on the BRINK: Europe's stock markets NOSEDIVE as Bank policies fail image
Source : Daily Express [Read Article] Wednesday 1st of June 2016 01:53:00 PM
....It has coincided with grim comments from the OECD over the world economy, with the global think tank warning conditions are "very difficult" at the moment. Michael Hewson, chief market analyst at CMC Markets UK said: "European markets have got off to a slow start in June as investors absorb the latest manufacturing reports from around the globe. ...
Oil price rises above $50 a barrel image
Source : Guardian [Read Article] Thursday 26th of May 2016 08:47:19 AM
....Chad Holliday, the chairman of Shell, told investors at a company meeting in London that it remained a “very demanding time for our industry”, pointing out that 42 oil and gas companies filed for bankrupcy in the US last year. Ric Spooner, the chief market analyst at Sydney’s CMC Markets, told Reuters that the world was still oversupplied with oil, even given increased demand and supply disruptions from Canadian wildfires and violence in Libya and Nigeria. ...
CHINA ON BRINK: Economy misses vital trading targets at critical time image
Source : Daily Express [Read Article] Thursday 12th of May 2016 02:06:00 PM
....Intervention by Chinese policymakers stabilised the situation and positive readings from economic indicators in March further calmed nerves. But Michael Hewson, chief market analyst at CMC Markets UK, said: "The latest Chinese trade data for April once again missed expectations. ...
Nissan buys 34% controlling share in scandal-hit Mitsubishi Motors image
Source : Guardian [Read Article] Thursday 12th of May 2016 11:59:39 AM
.... However, it said it would extend its investigation to cover cars made for overseas markets. Commenting on the deal, Jasper Lawler, analyst at CMC Markets, said: “Taking a big stake in Mitsubishi Motors is a risky move by Nissan when it’s still not known how much the fuel economy scandal will cost in fines, litigation and lost business. ...
STOCK MARKET CRASH: FTSE loses £85BILLION in two weeks amid huge fears for UK economy image
....Experts said the disappointing figures have prompted investors to dump stocks amid concerns the central bank policies of low interest rates and cheap money are no longer stimulating growth. Michael Hewson, chief market analyst at CMC Markets UK, said: "European markets look set to finish lower for the second week in succession as concerns about a weakening growth outlook and the efficacy of central bank policy in combating it, start to weigh on sentiment. ...
Royal Bank of Scotland losses hit £60billion since Government bailout image
Source : Daily Express [Read Article] Sunday 1st of May 2016 12:01:00 AM
....7billion by charging RBS fees to insure it against catastrophic losses and taking dividends for the Treasury from it, as well as share sales. CMC Markets analyst Michael Hewson said: “Every quarter we are promised RBS has turned a corner and every quarter the story is the same. ...
Eurozone CRASH fears as markets dive into the RED image
Source : Daily Express [Read Article] Friday 29th of April 2016 10:55:00 AM
....Experts said the lower energy prices were behind the rise in the eurozone's growth. Michael Hewson, chief market analyst at CMC Markets UK, said: "Underlying inflation continues to run away from the ECB’s base line rate of two per cent dropping to -0. ...
BP set to clean up with new super fuel Ultimate with ACTIVE technology image
Source : Daily Express [Read Article] Saturday 23rd of April 2016 06:59:00 PM
....” . CMC Markets chief market analyst Michael Hewson commented: “Given the bad publicity surrounding carmakers cheating fuel emissions tests, it is easy to be sceptical about claims from energy companies about new super fuels, making cars efficient. ...
Oil exporters' failure to cap output shakes markets image
Source : Guardian [Read Article] Monday 18th of April 2016 06:02:42 PM
....Iran had signalled long before this weekend’s meeting that it would take a tough line on restraining production, given that it wants to continue increasing output to get back to levels seen before international sanctions were imposed. Jasper Lawler, a market analysts at CMC Markets, said the sharp oil price moves on Monday had also fed through to stocks, but that the discord in Doha should not have come as a surprise to investors. ...
FTSE 100 hits highest level in 2016 image
Source : Guardian [Read Article] Wednesday 13th of April 2016 06:40:06 PM
....Brent crude oil dipped slightly but remained above $44 a barrel. Jasper Lawler, analyst at CMC Markets, said: “The apparent turnaround in China’s economy, the rise in oil prices as well as a more cautious Federal Reserve have removed the major concerns that led to the beginning of the year sell-off. ...
Trading firms never tire of hunt for punters image
Source : Guardian [Read Article] Sunday 27th of March 2016 09:00:12 AM
....Creating IG Group made Stuart Wheeler so rich that he could afford to spend millions on restoring various crumbling old relics (Kent’s Chilham Castle in 2002; the Conservative party in 2001), and even the shares of the industry minnow London Capital Group were valuable enough to allow its founder, Simon Denham, to use them as security when buying the former home of a former music star (Liam Howlett of the Prodigy). And then there is Peter Cruddas, the founder of CMC Markets, Brexiteer and one-time Tory party treasurer, who has trousered millions from the industry plus a bit of shrapnel from the Sunday Times. ...
Easter’s fresh start for investors could fall victim to a late frost image
Source : Guardian [Read Article] Saturday 26th of March 2016 04:00:31 PM
....The subsequent recovery in mining and banking shares, along with a weakening pound – which helps UK exporters – has pushed the FTSE 100 higher, and even the bomb attacks in Brussels failed to do much damage to sentiment. Michael Hewson of CMC Markets said: “The FTSE 100 has managed to recover back close to the levels that we saw at the end of last year, helped by a weaker pound and a stabilisation in commodity prices, which – when you consider where we were in mid-February – is a remarkable turn of events. ...
Asia markets flat after Brussels attack image
Source : BBC [Read Article] Wednesday 23rd of March 2016 02:26:09 AM
....3%. Alex Wijaya from CMC Markets said the Brussels blasts had made investors less willing to take a risk again. ...
Travel and tourism shares sink after Brussels attacks image
Source : Guardian [Read Article] Tuesday 22nd of March 2016 05:46:22 PM
....1% and France’s Cac and Belgium’s BEL 20 indices marginally higher on the day. Jasper Lawler, market analyst at CMC Markets, said: “Markets recovered some of the losses as the afternoon came around. ...
FTSE gains ground as Glencore leads mining shares higher image
Source : Guardian [Read Article] Monday 14th of March 2016 09:42:49 AM
Eurozone in CRISIS: Bonanza of cash and rates cuts from Europe’s Bank has misfired image
....The remarks panicked investors, and top stock markets in France and Germany plunged into the red over the comments. Michael Hewson, chief market analyst at CMC Markets UK, said: "This tacit admission that the bank appeared constrained by a lower bound for rates put a floor under market expectations for further rate cuts, and while Mr Draghi didn’t rule out further rate reductions, and said rates were likely to remain low for some time, it seemed quite apparent that they were well down the list of possible next moves. ...
Markets slide on ECB stimulus surprise image
Source : BBC [Read Article] Thursday 10th of March 2016 01:21:19 PM
....The bank will also expand its quantitative easing programme from €60bn to €80bn a month. Jasper Lawler, of CMC Markets, said: "Stocks came off highs of the day when some of the initial euphoria was nullified by the suggestion by ECB president Mario Draghi that rates would not be cut any further. ...
Profits ‘jump by a third for LSE ahead of Deutsche Börse merger’ image
Source : Daily Express [Read Article] Saturday 5th of March 2016 12:00:00 AM
....Despite turbulence in financial markets during the first quarter, Rolet said there remains a “good pipeline” of new entrants. Michael Hewson, chief market analyst at spreadbetter CMC Markets, said: “Given these results it’s not hard to see why Deutsche Börse and ICE are both interested and the fact that London is the centre of the European IPO (initial public offering) market, where we’ve seen 72 per cent of the overall IPO activity in the past 12 months. ...
FTSE 100: third week of gains leaves investors scratching their heads image
.... But at the same time a mood of cautious optimism is spreading in the City. “It’s not to say we are out of the woods but things are looking a bit better than they were at the beginning of February when the bottom was falling out of the market,” said Michael Hewson, chief market analyst at financial spreadbetting firm CMC Markets UK. ...
London Stock Exchange backs Deutsche Börse merger as profits rise image
Source : Guardian [Read Article] Friday 4th of March 2016 08:56:49 AM
....The company added that discussions were “ongoing regarding the other terms and conditions of the potential merger”. Michael Hewson, chief market analyst at CMC Markets, said: “Given these results it’s not hard to see why Deutsche Börse and ICE are both interested and the fact that London is the centre of the European IPO market, where we’ve seen 72% of the overall IPO activity in the last 12 months. ...
Lloyds passes government break-even point for first time this year image
Source : Guardian [Read Article] Wednesday 2nd of March 2016 09:48:39 AM
....But if the shares remain above the break-even level for a sustained period, he may well decide to edge down the stake by selling in the market or to institutions. Michael Hewson, chief market analyst at CMC Markets UK, said:. ...
Global economic MELTDOWN: European markets tumble amid fears over China slowdown image
Source : Daily Express [Read Article] Monday 29th of February 2016 01:47:00 PM
....But politicians did little to abate worries. Michael Hewson, chief market analyst at CMC Markets UK, said: "This lack of any significant positive outcome from the G20 looks set to weigh on European markets this morning as we start a new week, and end the month. ...
Brexit would be bad for UK, say world business leaders image
Source : Guardian [Read Article] Monday 29th of February 2016 12:01:00 AM
....On Monday evening a pro-Brexit group for financial services workers will be launched. The City for Britain group has the backing of the former chancellor Norman Lamont and others including Peter Cruddas, the founder of trading company CMC Markets. ...
Lloyds profits fall on PPI claims image
Source : BBC [Read Article] Thursday 25th of February 2016 07:23:55 AM
....". And market analyst, Michael Hewson of CMC Markets said the share price was also boosted by the perception that the payouts for PPI were coming to an end. ...
Markets in TURMOIL: European stocks plunge amid fears of an EU without Britain image
Source : Daily Express [Read Article] Wednesday 24th of February 2016 11:51:00 AM
....6 per cent. Michael Hewson, chief market analyst at trading platform CMC Markets, said: "The belief that the Euro area can carry on regardless is to coin a phrase used by the Prime Minister recently “for the birds”. ...
Brakes sold to US company Sysco in $3.1bn deal image
Source : Guardian [Read Article] Monday 22nd of February 2016 03:33:57 PM
....Bain postponed a meeting with investors considered most likely to participate in an initial public offering for Brakes in the latter part of January, leading to speculation that another option was being given top priority. The IPO market has made a difficult start in London in 2016, with fewer deals getting off the ground, and those companies that have succeeded, such as CMC Markets and Clydesdale, only doing so at modest prices. ...

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